Tata raises the price on Iveco: the final offer to 14.40 euros

ROME – Tata Motors raises the price. New offer for the takeover bid on Iveco: 14.40 euros per share. A raise of 30 cents. According to what was communicated by the company, this is the "best and final" price that the Indian group no longer intends to change. With this adjustment, the maximum overall disbursement foreseen for the operation rises to approximately 3.91 billion euros, with an increase of 81.36 million euros compared to the previous proposal.

The reason for the relaunch - explains Tata - lies in the longer than expected times needed to obtain the authorizations required to complete the acquisition. The new price incorporates a significant premium: 33.47% compared to the value of the shares on 17 July 2025, the day before the first rumors about the operation, and 6.77% compared to 29 July, the date that preceded the announcement of the takeover bid.

The offer, through the subsidiary Tml CV Holdings, started on 7 September and will close on 26 October. From the merger between the two groups, one stronger in Asia and the other in Europe and South America, the world's fourth largest commercial vehicle manufacturer would be born, with an estimated capacity of 590 thousand vehicles per year and an overall turnover of around 21 billion. Tata has committed to keeping employment levels unchanged for at least two years, also confirming that Turin will remain the group's headquarters, thus respecting the Italian nature of Iveco. Future that will be discussed at Mimit on Tuesday in a meeting between Minister Urso, the CEO of Iveco Olof Persson and that of Tata Motors Commercial Vehicles, Girish Wagh